BankUnited stops making retail mortgage loans, lays off workers

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Since the start of the year, more than 40,000 workers have lost their jobs at mortgage lending institutions, as companies respond to the deep downturn in the housing market. Meanwhile.

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Coping with debt when you’re laid off.. Creditors may agree to ease loan terms when workers need the help to survive a jobless spell.. When laid-off workers call before they’ve missed a.

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BankUnited executives divulged more information on the bank’s decision to stop originating mortgages during its fourth quarter conference call thursday morning, an article in the South Florida.

BankUnited has stopped offering retail residential mortgage loans to consumers and laid off some of its workers. south florida’s largest locally based bank said new residential mortgages weren.

Another round of layoffs for Wells Fargo (WFC) comes into effect, including more than 600 job cuts all over the country, as the banking giant aims to prune costs on declining mortgage market.

Mortgage Lenders Lay Off Workers [Oct 29, 2007.] The mortgage industry has been hit hard by layoffs recently – the result of the nation’s massive housing crisis. The consulting firm known as Challenger, Gray & Christmas Inc. reports that more than one-third of the 71,739 announced layoffs in September came from the mortgage sector.

Movement Mortgage has laid off Norfolk employees, and-mortar retail struggles, to redefine its tenant mix.. a change in the way it processes loans. Under its previous protocol, mortgage.

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